FRP Holdings, Inc. (NASDAQ:FRPH) Short Interest Update

FRP Holdings, Inc. (NASDAQ:FRPH - Get Free Report) saw a large growth in short interest in the month of August. As of August 15th, there was short interest totalling 72,300 shares, a growth of 270.8% from the July 31st total of 19,500 shares. Approximately 1.2% of the shares of the stock are sold short. Based on an average daily volume of 21,900 shares, the days-to-cover ratio is presently 3.3 days.

Shares of FRPH stock traded down $0.48 during trading hours on Friday, reaching $55.85. The company had a trading volume of 5,814 shares, compared to its average volume of 14,263. The stock has a fifty day moving average of $56.83 and a 200-day moving average of $57.01. The company has a market capitalization of $530.58 million, a price-to-earnings ratio of 121.41 and a beta of 0.64. FRP has a 12-month low of $52.45 and a 12-month high of $61.81.

In related news, President David H. Devilliers, Jr. sold 2,919 shares of the company's stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $60.17, for a total value of $175,636.23. Following the completion of the transaction, the president now owns 34,810 shares of the company's stock, valued at approximately $2,094,517.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO John D. Baker II bought 4,525 shares of FRP stock in a transaction on Wednesday, May 31st. The stock was acquired at an average price of $53.21 per share, with a total value of $240,775.25. Following the completion of the acquisition, the chief executive officer now directly owns 24,549 shares of the company's stock, valued at $1,306,252.29. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President David H. Devilliers, Jr. sold 2,919 shares of the stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $60.17, for a total value of $175,636.23. Following the transaction, the president now directly owns 34,810 shares of the company's stock, valued at approximately $2,094,517.70. The disclosure for this sale can be found here. 22.80% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in the stock. Rhumbline Advisers grew its position in shares of FRP by 2.0% in the second quarter. Rhumbline Advisers now owns 10,809 shares of the financial services provider's stock valued at $622,000 after purchasing an additional 208 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of FRP by 63.9% in the second quarter. Tower Research Capital LLC TRC now owns 554 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 216 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of FRP by 4.7% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 4,907 shares of the financial services provider's stock valued at $282,000 after purchasing an additional 222 shares in the last quarter. Citigroup Inc. grew its position in shares of FRP by 111.4% in the first quarter. Citigroup Inc. now owns 446 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 235 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System grew its position in shares of FRP by 6.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 4,284 shares of the financial services provider's stock valued at $248,000 after purchasing an additional 264 shares in the last quarter. 46.02% of the stock is currently owned by hedge funds and other institutional investors.

Separately, StockNews.com began coverage on FRP in a report on Thursday, August 17th. They set a "hold" rating for the company.

View Our Latest Analysis on FRPH

FRP Holdings, Inc engages in the real estate businesses in the United States. The company operates through four segments: Asset Management, Mining Royalty Lands, Development, and Stabilized Joint Venture. The Asset Management segment owns, leases, and manages commercial properties. The Mining Royalty Lands segment leases and manages mining royalty land owned by the Company primarily in Florida, Georgia, and Virginia.

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